Stored credential transactions (COF) provides the simple way to make the subsequent operations with the card data that stored during the initial operation.
The initial operation is carried out with the obligatory receipt of the payer's consent to store of card details for subsequent operations.
The initial operation can be:
The initial operation is carried out using a conventional bankcard, or using a mobile device tokenization system, for example, Apple Pay, Samsung Pay or Google Pay.
In any case, verification by one of the possible ways (CVC2 and 3dS or using a mobile device) is required for the initial COF operation.
Subsequent operations can be carried out after the successful initial operation with the obligatory consent of the payer to the further use of card data. Subsequent operations are carried out without any verification.
Subsequent operations can be initiated by the payer. These operations are called «Customer Initialized Transaction» (CIT).
The One Click program is used to implement CIT COF operations in IPS Assist.
By participating in the program, the company maintains its database of customers, giving them an unique number (CustomerNumber), while the Assist system stores the encrypted credit card data corresponding to those merchant customers (CustomerNumber).
While performing of order payment, the customer gets an offer to save the card for future payments using the One Click program.
The One Click program (see the «One Click Program» document) allows a regular customer of a merchant to make new purchases without entering card data. The payment requires only confirmation by the CVC2 code. However, if the initial COF operation is successful, the CVC2 code will not be requested in the subsequent operations.